AUGUST 2010 NEWSLETTER

^{Gordon Rutzen – Editor and Chief Typist / Envelope Stuffer}

JULY MEETING RECAP -

Thorne James gave us a historical overview of the market and some information on where the market may be going in the near term. Some of the good things happening include USA manufacturing is getting healthier since China's wages are rising faster than USA wages, USA productivity is up, government waste needs to be cut and companies have cash. On the downside, foreclosures are high, unemployment is high and the government budget is in trouble.

Thorne is a First Vice President and Wealth Management Advisor who has been with Merrill Lynch in Raleigh over 33 years. A graduate of NC State University, Thorne enjoys music, electronics, and being around the water. Click here for his website.

We celebrated the birthdays of Joe Cichocki and Thorne James as well as the 44th wedding anniversary of Maynard & Ann Sherwin. Our 50/50 winners this month are Frankie Johnson and Gene Brown.

Gene Brown provided the music for our luncheon with his excellent keyboard skill.